SoundHound AI Inc [NASDAQ: SOUN] closed the trading session at $9.31.
The stocks have a year to date performance of 339.15 percent and weekly performance of 33.38 percent. The stock has been moved at 84.36 percent over the last six months. The stock has performed 70.83 percent around the most recent 30 days and changed 90.39 percent over the most recent 3-months.
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If compared to the average trading volume of 27.15M shares, SOUN reached to a volume of 71312672 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about SoundHound AI Inc [SOUN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SOUN shares is $8.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SOUN stock is a recommendation set at 1.67. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Ladenburg Thalmann have made an estimate for SoundHound AI Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 13, 2024. While these analysts kept the previous recommendation, Cantor Fitzgerald raised their target price from $5 to $7. The new note on the price target was released on August 09, 2024, representing the official price target for SoundHound AI Inc stock. Previously, the target price had yet another raise to $4.90, while Cantor Fitzgerald analysts kept a Neutral rating on SOUN stock.
The Average True Range (ATR) for SoundHound AI Inc is set at 0.77, with the Price to Sales ratio for SOUN stock in the period of the last 12 months amounting to 60.43. The Price to Book ratio for the last quarter was 11.61, with the Price to Cash per share for the same quarter was set at 0.31.
SOUN stock trade performance evaluation
SoundHound AI Inc [SOUN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 33.38. With this latest performance, SOUN shares gained by 70.83% in over the last four-week period, additionally plugging by 84.36% over the last 6 months – not to mention a rise of 304.78% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SOUN stock in for the last two-week period is set at 71.27, with the RSI for the last a single of trading hit 74.67, and the three-weeks RSI is set at 69.06 for SoundHound AI Inc [SOUN]. The present Moving Average for the last 50 days of trading for this stock 5.78, while it was recorded at 8.22 for the last single week of trading, and 5.19 for the last 200 days.
SoundHound AI Inc [SOUN]: An insightful look at the core fundamentals
SoundHound AI Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.58 and a Current Ratio set at 2.58.
Earnings per share (EPS) analysis for SoundHound AI Inc [SOUN] stock
With the latest financial reports released by the company, SoundHound AI Inc posted -0.06/share EPS, while the average EPS was predicted by analysts to be reported at -0.06/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SOUN.
SoundHound AI Inc [SOUN]: Institutional Ownership
There are presently around $29.26%, or 29.93%% of SOUN stock, in the hands of institutional investors. The top three institutional holders of SOUN stocks are: VANGUARD GROUP INC with ownership of 22.69 million shares, which is approximately 7.9168%. BLACKROCK INC., holding 21.44 million shares of the stock with an approximate value of $$84.7 million in SOUN stocks shares; and BLACKROCK INC., currently with $$28.26 million in SOUN stock with ownership which is approximately 2.4964%.
